Consumption Expenditure


The concept describes the important economic principle of consumer expenditure. It explains its major strengths and weaknesses and provides step-by-step implementation advice and case study evidence of the concept in use.

Technique Overview

Consumption Expenditure

Consumption Expenditure Definition

Consumption Expenditure is the spending by households on goods and services, excluding new housing. In developed countries it has become the largest component of Gross Domestic Product (GDP) (Arnold, 2008).

Consumption Expenditure Description *

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Business Evidence

Consumption Expenditure Strengths *

Consumption Expenditure Weaknesses *

Examples of Consumption Expenditure *

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Business Application

Consumption Expenditure Implementation *

Success Factors of Consumption Expenditure *

Measures of Consumption Expenditure *

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Professional Tools

Consumption Expenditure Videos *

Consumption Expenditure Downloads *

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Further Reading

Consumption Expenditure Web Resources *

Consumption Expenditure Print Resources *

Consumption Expenditure References (4 of up to 20) *

  • Arnold, R.A., 2008. Economics. Cengage Learning.
  • Baumol, W.J., Blinder, A.S., 2010. Macroeconomics: Principles and Policy. Cengage Learning.
  • Conway, E., 2009. 50 economics ideas you really need to know. Quercus.
  • Evans, M., 2011. U.K. Second Quarter GDP Levels: Summary. Bloomberg, Oct 5. Available at: http://www.bloomberg.com/news/2011-10-05/u-k-second-quarter-gdp-levels-summary-table-.html.

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